Solar panel cost Colorado Springs: Prices & data 2024
Updated: November 15, 2024As of Nov 2024, the average cost of solar panels in Colorado Springs is $2.36 per watt making a typical 6000 watt (6 kW) solar system $9,928 after claiming the 30% federal solar tax credit now available.
This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt.
Installed Colorado Springs solar system cost by:
Solar panel installation cost in Colorado Springs
The size of a solar panel system also plays a role in how much the installation will cost.
Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’. However, these larger solar systems will still have a higher total cost, because they are made up of more individual panels.
Table 2: Average cost of residential solar systems by system size
| System size* | Avg cost per watt |
Avg system cost
(After tax credit) show before tax |
|---|---|---|
| 4kW | $2.54 | $7,126 |
| 5kW | $2.46 | $8,607 |
| 6kW | $2.36 | $9,928 |
| 7kW | $2.39 | $11,726 |
| 8kW | $2.40 | $13,427 |
| 9kW | $2.34 | $14,719 |
| 10kW | $2.31 | $16,196 |
Colorado Springs solar cost and savings calculator
Best unit price
$320.00 ($0.96 per watt)
Best system price
Installed 5.0kW system
$12,721.85
($2.53 p/w)
LG335N1K-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$562.50 ($1.50 per watt)
Best system price
Installed 4.9kW system
$12,120.18
($2.49 p/w)
LG375A1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$430.00 ($1.15 per watt)
Best system price
Installed 4.9kW system
$12,919.30
($2.65 p/w)
LG375Q1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$473.34 ($1.30 per watt)
Best system price
Installed 5.1kW system
$13,231.07
($2.59 p/w)
LG365Q1K-V5 overview
Rated power
365 watts
Efficiency
21.1
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$432.00 ($1.20 per watt)
Best system price
Installed 5.0kW system
$13,276.66
($2.63 p/w)
LG360Q1K-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$530.85 ($1.50 per watt)
Best system price
Installed 5.0kW system
$12,386.87
($2.49 p/w)
LG355Q1K-V5 overview
Rated power
355 watts
Efficiency
20.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$495.00 ($1.38 per watt)
Best system price
Installed 5.0kW system
$13,091.06
($2.60 p/w)
LG360Q1C-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$407.97 ($1.10 per watt)
Best system price
Installed 5.2kW system
$13,159.30
($2.54 p/w)
LG370Q1C-V5 overview
Rated power
370 watts
Efficiency
21.4
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$323.39 ($0.97 per watt)
Best system price
Installed 5.0kW system
$12,691.01
($2.53 p/w)
LG335N1C-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$338.19 ($0.99 per watt)
Best system price
Installed 5.1kW system
$0.00
($0.00 p/w)
LG340N1C-V5 overview
Rated power
340 watts
Efficiency
19.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$600.00 ($1.83 per watt)
Best system price
Installed 4.9kW system
$12,808.41
($2.61 p/w)
SPR-E20-327-COM overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$800.00 ($2.22 per watt)
Best system price
Installed 5.0kW system
$13,201.67
($2.62 p/w)
SPR-X22-360 overview
Rated power
360 watts
Efficiency
22.2
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,703.10
($2.79 p/w)
SPR-E20-327-D-AC overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,610.59
($2.77 p/w)
SPR-E20-327 overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$181.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$11,003.04
($2.16 p/w)
CS6K-300MS overview
Rated power
300 watts
Efficiency
18.33
Number of Cells
60
Cell type
Monocrystalline
Manufactured
CA
Best unit price
$196.11 ($0.65 per watt)
Best system price
Installed 5.1kW system
$9,948.02
($1.95 p/w)
LR6-60-HPB-300M overview
Rated power
300 watts
Efficiency
18.1
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$172.00 ($0.56 per watt)
Best system price
Installed 4.9kW system
$9,568.53
($1.96 p/w)
LR6-60-HPB-305M overview
Rated power
305 watts
Efficiency
18.4
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$165.00 ($0.53 per watt)
Best system price
Installed 5.0kW system
$9,761.72
($1.97 p/w)
LR6-60-HPB-310M overview
Rated power
310 watts
Efficiency
18.7
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$228.00 ($0.60 per watt)
Best system price
Installed 4.9kW system
$9,579.65
($1.94 p/w)
LR4-60HPH-380M overview
Rated power
380 watts
Efficiency
20.9
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$234.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$10,126.74
($2.00 p/w)
LR6-72HBD-390M overview
Rated power
390 watts
Efficiency
19.4
Number of Cells
144
Cell type
Mono PERC
Manufactured
CN
4.76 67 Reviews
Latest review
Bob Mason, 2 weeks ago
I want to have power when the grid goes down, not just save energy. Most of the solar companies were trying to sell the "packages" they wanted and were less wanting to listen to my needs. Complete energy solutions came with the system I was looking for with the ideal sized battery array. The controller allows for every option conceivable; from programing use of battery to minimize time of day billing, switching designated circuits to conserve as needed, adding an electric vehicle charging, even incorporate a generator if so desired. Permits can be time consuming but mine were done in under two weeks. Installation took two full days, the State inspection two days later, and the Core Electric inspection the following day. All went smoothly. My hat is off to Matt Fenney for the great engineering, and coordination of his team.
Read more
Latest review
Bob Mason, 2 weeks ago
I want to have power when the grid goes down, not just save energy. Most of the solar companies were trying to sell the "packages" they wanted and were less wanting to listen to my needs. Complete energy solutions came with the system I was looking for with the ideal sized battery array. The controller allows for every option conceivable; from programing use of battery to minimize time of day billing, switching designated circuits to conserve as needed, adding an electric vehicle charging, even incorporate a generator if so desired. Permits can be time consuming but mine were done in under two weeks. Installation took two full days, the State inspection two days later, and the Core Electric inspection the following day. All went smoothly. My hat is off to Matt Fenney for the great engineering, and coordination of his team.
4.71 46 Reviews
Latest review
S Donalds , over 1 month
Apollo provided us with a wonderful solar system and also great customer service…even when our roofing company blamed them for a leak in our roof. They patiently came to our home multiple times and helped with diagnosing the problem until, finally, the roofers found the leak - that the roofers had created. Never once did Apollo make us feel like we were causing them an imposition (even though I know we were).
Read more
Latest review
S Donalds , over 1 month
Apollo provided us with a wonderful solar system and also great customer service…even when our roofing company blamed them for a leak in our roof. They patiently came to our home multiple times and helped with diagnosing the problem until, finally, the roofers found the leak - that the roofers had created. Never once did Apollo make us feel like we were causing them an imposition (even though I know we were).
4.71 69 Reviews
Latest review
JeromeD, over 1 month
A thoroughly professional experience from initial bid to installation to follow up. Mostly kept me in the loop and if they didn’t, a quick phone call got me back in. This is probably my biggest complaint of other businesses is a failure to keep me posted on progress, particularly with un-returned phone calls. This was not the case with Sunsense.
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Latest review
JeromeD, over 1 month
A thoroughly professional experience from initial bid to installation to follow up. Mostly kept me in the loop and if they didn’t, a quick phone call got me back in. This is probably my biggest complaint of other businesses is a failure to keep me posted on progress, particularly with un-returned phone calls. This was not the case with Sunsense.
Latest review
Anonymous, over 1 month
Good installation
4.64 78 Reviews
Latest review
Dick R, over 1 month
My Enphase system was installed in 2012 by a previous owner and needed removal for roof replacement in 2023. I hired the original installer for the job. When he removed the equipment, he discovered squirrel damage to the wiring. The installer said he would repair the damage, re-install the equipment and a "critter guard" to prevent further damage. When the roof was replaced, he taped the squirrel damage and reinstalled the system. It worked well until June 11, 2024 when it failed completely and couldn't produce power. I attempted to contact the installer, got no response and called Solar Power Pros. I told Jimmy Jessup about my problem and he said he'd have a technician come over August 8. Karl, the tech, arrived 8/8 at 8 and gave the system a thorough inspection. He found one inverter with taped squirrel damage on the output connector which was shorted and showing fire damage, inverters and wiring harnesses laying on the roof, no bonding wires on the frames and supports, the original earth grounding wire was gone and the junction box wiring was a mess. Karl worked all day on that mess and took photos of it before and after his repair work showing the system was properly wired and was working as before when he finished. Thank Jimmy, Karl and Solar Power Pros for the great customer service and competent work. I highly recommend this team!
Read more
Latest review
Dick R, over 1 month
My Enphase system was installed in 2012 by a previous owner and needed removal for roof replacement in 2023. I hired the original installer for the job. When he removed the equipment, he discovered squirrel damage to the wiring. The installer said he would repair the damage, re-install the equipment and a "critter guard" to prevent further damage. When the roof was replaced, he taped the squirrel damage and reinstalled the system. It worked well until June 11, 2024 when it failed completely and couldn't produce power. I attempted to contact the installer, got no response and called Solar Power Pros. I told Jimmy Jessup about my problem and he said he'd have a technician come over August 8. Karl, the tech, arrived 8/8 at 8 and gave the system a thorough inspection. He found one inverter with taped squirrel damage on the output connector which was shorted and showing fire damage, inverters and wiring harnesses laying on the roof, no bonding wires on the frames and supports, the original earth grounding wire was gone and the junction box wiring was a mess. Karl worked all day on that mess and took photos of it before and after his repair work showing the system was properly wired and was working as before when he finished. Thank Jimmy, Karl and Solar Power Pros for the great customer service and competent work. I highly recommend this team!
4.61 178 Reviews
Latest review
Alyssa Audd, 1 day ago
We had the privilege of working with Smart Wave Solar this year. We are very pleased with the performance of our system. The benefits of solar and the process of installation was explained in great detail in a way that was easy to understand. The installation went smoothly and quickly. I feel Smart Wave went above and beyond in everything they did for us. We had three other companies give us quotes and we had given up on the idea of going solar because it was either too expensive or we didn’t feel comfortable with the other companies. We called Smart Wave in one final attempt to get a quote for solar. We were blown away at the affordable price so we decided to go solar powered with Smart Wave and are very glad we made that decision. I highly recommend Smart Wave Solar.
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Average cost (5kW system)
$10,650 ($2.13 per watt)
Latest review
Alyssa Audd, 1 day ago
We had the privilege of working with Smart Wave Solar this year. We are very pleased with the performance of our system. The benefits of solar and the process of installation was explained in great detail in a way that was easy to understand. The installation went smoothly and quickly. I feel Smart Wave went above and beyond in everything they did for us. We had three other companies give us quotes and we had given up on the idea of going solar because it was either too expensive or we didn’t feel comfortable with the other companies. We called Smart Wave in one final attempt to get a quote for solar. We were blown away at the affordable price so we decided to go solar powered with Smart Wave and are very glad we made that decision. I highly recommend Smart Wave Solar.
4.52 1,953 Reviews
Latest review
Landon, 2 weeks ago
I had applied to a door to door sales position and scheduled a 1-1 zoom call from 1:50pm-2:10pm wed 10/30/2024. Interviewer never showed up. Didn't even bother to communicate if something came up. How can you trust a company that doesn't care about its employees... waisted 20min of my time.
Read more
Latest review
Landon, 2 weeks ago
I had applied to a door to door sales position and scheduled a 1-1 zoom call from 1:50pm-2:10pm wed 10/30/2024. Interviewer never showed up. Didn't even bother to communicate if something came up. How can you trust a company that doesn't care about its employees... waisted 20min of my time.
4.50 36 Reviews
Latest review
Paul, over 1 month
Well Done! Curtis is a pleasure to work with, knowledgeable, experienced, quality from start to finish. No need to call anyone else.
Read more
Latest review
Paul, over 1 month
Well Done! Curtis is a pleasure to work with, knowledgeable, experienced, quality from start to finish. No need to call anyone else.
4.48 26 Reviews
Latest review
Geo Ed, over 1 month
We have lived off grid for thirty years. Our original installer retired and Renewable Energy Outfitters stepped in when we needed service. This past spring we decided to upgrade the entire system. Aaron and his two employees did a superb job. We do not have a single complaint. Aaron Mandelkorn is a superb example of how a business marketing and installing and servicing solar and also wind power should operate. We would recommend Renewable Energy Outfitters above any other company in this part of Colorado.
Read more
Latest review
Geo Ed, over 1 month
We have lived off grid for thirty years. Our original installer retired and Renewable Energy Outfitters stepped in when we needed service. This past spring we decided to upgrade the entire system. Aaron and his two employees did a superb job. We do not have a single complaint. Aaron Mandelkorn is a superb example of how a business marketing and installing and servicing solar and also wind power should operate. We would recommend Renewable Energy Outfitters above any other company in this part of Colorado.
4.44 26 Reviews
Latest review
John Brask, 1 week ago
We had a not great first solar experience with a different company, but knew we wanted solar on our new home. We received quotes from 4 companies and ARE solar provided the best value for power production vs cost and they had a solid warranty to back it up. We were still skeptical - almost seemed too good to be true. But we dove in and trusted the many other positive reviews. Design and Contracting was straightforward - unlike other companies, ARE listened to what was important to us and adjusted the design to match. Installation was smooth - the workers that were onsite were considerate and install was quick. Connection with Xcel also went smoothly, backed up by proactive and detailed communication from ARE Solar. Throughout the entire process we appreciated the clear and detailed communications, the responsiveness to our questions and the transparency of the answers. Now 6+ months post install the panels are operating flawlessly, production is tracking a bit above what was expected, and we look forward to many years of enjoying the energy production from the Colorado sun.
Read more
Latest review
John Brask, 1 week ago
We had a not great first solar experience with a different company, but knew we wanted solar on our new home. We received quotes from 4 companies and ARE solar provided the best value for power production vs cost and they had a solid warranty to back it up. We were still skeptical - almost seemed too good to be true. But we dove in and trusted the many other positive reviews. Design and Contracting was straightforward - unlike other companies, ARE listened to what was important to us and adjusted the design to match. Installation was smooth - the workers that were onsite were considerate and install was quick. Connection with Xcel also went smoothly, backed up by proactive and detailed communication from ARE Solar. Throughout the entire process we appreciated the clear and detailed communications, the responsiveness to our questions and the transparency of the answers. Now 6+ months post install the panels are operating flawlessly, production is tracking a bit above what was expected, and we look forward to many years of enjoying the energy production from the Colorado sun.
How much do solar systems using the most common brands of solar panels cost in Colorado Springs in 2024?
Where there is no specific pricing information available for a brand then we have used state pricing data for that brand.
Table 2: Local solar panel manufacturers
| Solar panel manufacturer | Avg. cost per watt |
|---|---|
| Canadian Solar | $2.24 |
| LONGi Solar | $2.18 |
| LG Solar | $2.57 |
| Panasonic | $2.59 |
| SunPower | $2.67 |
Why solar panel cost should not be your only consideration when buying solar panels for your home
The most important difference between buying solar panels and any other purchase is that solar panels last 25-30 years. This is a long, long time and you will need customer service over all that time. The reviews below of the two largest corporate solar installation companies indicate larger corporate solar companies are not delivering this support to their customers.
We recommend you find a small or mid-size, local, family-owned solar company. These companies tend to care more about you and your specific job. You don't want to be on hold to a corporation's call center for the next 25 years!
What other factors affect the cost of solar panels for your home?
The cost of solar doesn't just include the equipment and installation costs - it’s also made up of permitting costs, inspection costs, and installer profit margins.
These different components are what make the price of solar fluctuate between installations. Some of the factors that affect solar power system installation costs for specific homes include:
The amount of electricity your home uses
Homes that use more electricity will need more solar panels to cover their energy needs.
Although solar panels do get cheaper on a per-watt basis, the overall cost of the system will increase as more panels are added.
But, the higher a home’s energy usage, the more solar panels can save the homeowners on their energy bills.
The type of solar panels you buy
The price of solar panels can vary depending on the type of solar panels you choose.
There are two main types of solar panels for residential solar installations: monocrystalline and polycrystalline. Monocrystalline solar panels tend to be more efficient and more expensive than other solar panels. Polycrystalline panels have a lower efficiency rating and come at a lower price point.
The type of inverter you buy will also influence the cost of your solar system.
The quality of your solar installation
You may see some solar quotes with prices that seem too good to be true.
If you get quoted for a ridiculously cheap price, the installer might be using low-quality equipment or an unsustainable pricing model. You want to use a solar installer that is charging enough so that they can stay in business - as you’ll be relying on them for the next 25 years!
It’s important to make sure that your installer is giving you the best quality at the best price possible. This is why getting multiple solar quotes is so important.
Federal, state, and local solar incentives
The overall cost of solar can be influenced by the solar incentives available.
Across the U.S., homeowners can apply for the federal solar tax credit. The solar tax credit makes installing solar more cost-effective by providing homeowners with a tax credit equal to 30% of the cost of their installed solar panel system.
Local solar tax incentives and rebates can end up saving homeowners thousands on a solar installation, especially when they’re used with the federal solar tax credit.
See what solar incentives are available in your area by using our solar panel calculator.
How is the cost of solar panels offset by solar tax credits in Colorado Springs?
The cost of installing residential solar panels in Colorado Springs varies with the brand of solar panels and inverters you choose, the installation company you choose to install them, the relative ease or difficulty of installing solar panels on your home, and of course the amount of solar panels you need. The amount of solar panels you need is, in turn, related to your energy usage.
Are solar panels worth it in Colorado Springs in 2024
The table below shows the data extracted from a real life quote delivered through the SolarReviews marketplace recently for a fairly typical home in Colorado Springs.
As you can see the payback period is relatively short and equates to a much better return on investment than he historical returns that have been available from investing in things like shares or property.
Table 2: Cost, savings and payback period for an average residential solar system in Colorado Springs
| System information | Value |
|---|---|
| System Size (for 100% usage offset) | 9.53 kW |
| Annual power generation | 14,186 kWh |
| Pay-back time (assuming Cash purchase) | 6.8 Years |
| Internal rate of return (IRR) on investment | 12.2% |
| Gross cost | $24,861 |
| Total Upfront Incentives and Rebates | -$14,087 |
| Net Cost of System after rebated and incentives | $10,773 |
| Total Cost of Utility Power Avoided over 25 years | $54,613 |
Please note that the investment return figures do not include the possible increase in property value